CSCEC(SH:601668) Zheng Quan Shi Bao Wang·2025-08-19 11:07Group 1 - The core viewpoint of the articles highlights that China State Construction (601668.SH) has shown stable growth in new contract signings and operational performance for the first seven months of 2025, with a total new contract amount of 26,798 billion yuan, reflecting a year-on-year increase of 1.4% [1] - In the construction business, the new contract amount reached 24,868 billion yuan, up 2.1% year-on-year, with infrastructure business contracts amounting to 8,533 billion yuan, which is a 7.4% increase [1] - Domestic business accounted for 23,595 billion yuan, marking a 2.6% year-on-year growth, while physical indicators such as construction area and new starts also showed positive growth [1] Group 2 - The real estate segment reported a contract sales amount of 1,930 billion yuan and a sales area of 721 million square meters, with a narrowing decline compared to previous periods [1] - The company acquired land reserves of 576 million square meters, bringing total land reserves to 7,783 million square meters by the end of the reporting period [1] - Recent major projects have reached a new high of 28.33 billion yuan, including various housing and infrastructure projects, indicating ongoing expansion and investment in key areas [2] Group 3 - The average price of new residential buildings in 100 cities increased by 0.18% month-on-month and 2.64% year-on-year, suggesting a structural recovery in the real estate market [2] - The State Council emphasized measures to stabilize the real estate market, which presents opportunities for China State Construction to leverage its integrated capabilities in consulting, investment, construction, and operation [2] - The company aims to enhance the supply of quality housing and maintain its leading position in the industry by capitalizing on urban renewal opportunities and collaborating with its real estate business [2]